Applewood Park / Coral Springs Commercial Real Estate
NE Calgary suburban commercial in growing communities adjacent to Stoney Trail ring road. Neighbourhood retail, professional and medical services, and new commercial development serving rapidly expanding NE residential catchment. No provincial income tax.
Applewood Park / Coral Springs Commercial Real Estate Market Overview
Applewood Park and Coral Springs represent part of the NE Calgary suburban commercial market that has benefited significantly from Stoney Trail ring road completion. Ring road access has transformed NE Calgary's commercial viability, shortening drive times across the city and making NE suburban commercial more attractive to both tenants and investors seeking growing catchment areas.
The 68 Street NE corridor is the commercial spine for this section of NE Calgary, supporting neighbourhood strip plazas, grocery-anchored retail, and professional services catering to growing residential communities. New residential construction east of Stoney Trail continues to expand the catchment area, increasing commercial viability for existing and new-to-market tenants.
Retail cap rates in Applewood Park and Coral Springs range from 6.0–7.5%, reflecting NE suburban commercial fundamentals with upside from population growth. Mill rate of $17.18 per $1,000 AV and zero provincial income tax improve after-tax investor returns. Medical and professional office — particularly in underserviced healthcare formats — offer compelling acquisition opportunities at 6.5–8.0% cap rates.
2025 Cap Rate & Rent Reference — Applewood Park / Coral Springs
| Asset Class | Lease Rate | Sale Cap Rate | Typical Size | Key Drivers |
|---|---|---|---|---|
| 68 St NE Strip Retail | $22–32/sf net | 6.0–7.5% | 800–8,000 sf | Growing catchment, neighbourhood needs, strip plaza |
| Stoney Trail Pad Site | Ground lease | 5.5–6.5% | 3,000–6,000 sf | Ring road traffic, QSR, drive-through, NNN |
| Neighbourhood Plaza | $18–26/sf net | 6.0–7.5% | 1,000–12,000 sf GLA | Grocery, pharmacy, community services |
| Medical / Professional Office | $16–22/sf gross | 6.5–8.0% | 400–4,000 sf | Underserviced healthcare, growing population |
| Commercial Land | Sale / ground lease | N/A | 0.25–2 ac | NE suburban development, pad site, neighbourhood node |
Frequently Asked Questions — Applewood Park / Coral Springs Commercial Real Estate
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Canada's Home Commercial covers NE Calgary suburban commercial — neighbourhood strip retail, Stoney Trail pad sites, medical office and community plaza investment in Applewood Park, Coral Springs, and surrounding NE communities.
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